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The Business of Medicine: The Definitive Guide to Help New Physicians Start Their Career on the Right Path and Avoid Costly Mistakes

5 Star Review


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Editorial Book Review:

By William Reimers


Becoming a doctor is one thing; running a medical practice is quite another. Many times, the less-than-glamorous parts of a doctor's job are brought to light in this book. It honestly talks about everything from negotiating contracts to malpractice insurance. It's not just theoretical advice; it's a road map full of real-world insights that can help doctors make better financial and job decisions from day one. That's what I liked most about it.


The author’s experience shines through in every chapter, offering a much-needed perspective on the business of healthcare that many physicians don’t learn in medical school. Keeping costly mistakes to a minimum is stressed a lot, and I found the breakdown of job choices to be especially useful. Whether you want to know the differences between working in a hospital, having your own business, or forming a partnership, this book makes it easy to think carefully about your options.


Another thing that stands out is the focus on negotiating contracts. A lot of new doctors get their first job so quickly that they don't read their contracts well. It tells you what to avoid and what to look for, as well as how to get fair terms. It also goes into detail about pay structures, which can be fairly complicated. This helps people understand what a fair offer really looks like.


What makes this book a must-read is its ability to simplify intimidating topics without losing depth. The clear, simple writing style makes it easy for anyone to understand complicated business ideas, even if they haven't read much before. The advice on how to avoid financial problems, avoid legal problems, and plan your job is very helpful. I felt like I had more power after leaving because I knew things that will help me build a long-lasting and satisfying job in medicine.


For any new physician or even those already in the field who want to take more control over their professional path, this book is a game-changer. It turns what can feel like an overwhelming maze into a manageable, well-lit path forward.


About the Author

Tung Giep M.D.



The son of a physician and the eldest of four boys who all grew up to become doctors, Dr. Tung Giep knew early on what his career path would look like. He always wanted to make a difference in the lives of patients and to help shape the future of the healthcare system. The experience of emigrating from Vietnam to the US after the Vietnam War strengthened his resolve and built a resilience that he has carried throughout his life and career.


Dr. Giep is a graduate of Wofford College in Spartanburg, SC. He received his medical degree and completed residency at The Medical University of South Carolina (MUSC), then went on to complete his fellowship at Children’s Mercy Hospital in Kansas City, MO. His background includes board certification in pediatrics and neonatal-perinatal medicine, a fellow with the American Academy of Pediatrics, and over twenty-five years serving as a medical director within community hospitals. He founded and served as the president of NICS, providing hospitals with 24/7 Level-2 and Level-3 NICU and pediatric hospitalist programs for seventeen years before the company was sold to a national company in 2017.


Throughout his career, he successfully developed and scaled neonatal programs from the ground up, providing innovative and quality-focused patient care and resulting in profitability and streamlined processes. Under his leadership, several underperforming nurseries have been transformed into high-performing and top producing units within a short turnaround time. Additionally, he has led the initiative to implement an innovative telemedicine program via Teledoc that provides clinicians 24/7 access to neonatologists, helping to avoid unnecessary transfers and provide more comprehensive care.

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